IBM reports robust Q3 revenue growth, with GenAI a catalyst for expansion
IBM reported 4.6 percent revenue growth for Q3 2023, ended September 30, and banked $1.7 billion in profit – a radical turnaround from the $3.2 billion loss a year...
Seagate revenue decline continues amid slow HDD sales
Revenue declines continue at Seagate – first quarter fiscal 2024 earnings were 29 percent lower than a year ago, when they were 35 percent down on the year before...
OpenShift users now have a Dell APEX service just for them
Dell has launched an APEX Red Hat OpenShift service allowing users to subscribe to open source container wrangling software in an enterprise-style setting.
Red Hat OpenShift is the IBM-owned open-source...
NetApp tells analysts it’s focusing on full AI lifecycle
NetApp has been providing its storage and data management systems for AI work since 2018 or earlier and says it is well positioned as large language model workloads transition...
SK hynix talks up AI demand as memory market recovers
SK hynix revenues for the third 2023 quarter ended September 30 were $6.9 billion, down 16.4 percent annually, with a net loss of $1.66 billion as the memory market...
Storage news ticker – October 25
Data intelligence supplier Alation has signed up three new partners: Monte Carlo, Sigma Computing, and ThoughtSpot, all of which provide connectors to data sources.
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Geo-distributed and decentralized storage provider Cubbit...
NetApp intros QLC block array amid AI push
NetApp is attempting to win over customers with a pitch to reduce costs in all-flash arrays and cloud services as it strives for growth in an AI-infused market.
The headline...
Panasas overhauls leadership to target AI and HPC
Panasas has appointed new sales, alliances, operations, and engineering leaders as incoming CEO Ken Claffey sets out to grow the parallel file system supplier's business.
Three of the four new...
OCP 2023 Summit unveils cutting-edge storage solutions
Meta's Open Compute Project held an OCP 2023 Summit in San Jose last week, showcasing a variety of storage products.
Distributor TD SYNNEX is in the storage business through its...
VAST Data bags second GPU cloud customer, Lambda Labs
GPU cloud service provider Lambda Labs is using VAST Data to store customers’ AI training data across its 60,000+ Nvidia GPU server cloud and co-location datacenters.
This deal closely follows...
HPE and Dell diverge on AI strategy
An HPE Securities Analyst Meeting presentation provided a good look into the AI strategy differences between HPE and its closest competitor, Dell.
Update: Note about Dell and supercomouters added as...
Druva releases GenAI copilot for SaaS backup
Druva has released a GenAI-powered Dru copilot for its SaaS backup services, making the grand claim that the tool helps seasoned admins make smarter decisions and novices perform like...